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California, State Farm and wildfires

Hosted on MSN · 11h

Who Is Jon Farney? State Farm CEO Faces Fury Over California Insurance Cuts

State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.

Fox Business on MSN · 1d

California wildfire backlash: State Farm, other insurers slammed for dropping coverage

The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.

Washington Examiner on MSN · 1d

State Farm canceled California homeowners’ insurance policies months before wildfires

The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."

Insurance crisis looms in California

The Baltimore Sun · 8m

Insurance crisis looms in California as fires ravage communities

Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or hurricanes that recently hit Florida, Tennessee and North Carolina. It can put

The New Yorker · 6h

The Insurance Crisis That Will Follow the California Fires

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

The Washington Post · 1d

An insurance crisis was already brewing in L.A. Then the fires hit.

The Los Angeles wildfires could threaten California’s already unstable insurance market, which carriers have been fleeing as disasters multiply.

16hon MSN

California insurance crisis: List of carriers that have fled or reduced coverage in the state

California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...

California overhauled its insurance system. Then Los Angeles caught fire.

The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.

4hon MSN

California fires highlight insurance issues across nation, including in New Jersey

The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to ...

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